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  1. Deals Analysis
October 26, 2021

Asia-Pacific’s payments industry saw a rise of 50.00% in deal activity during September 2021

By Carmen

Asia-Pacific’s payments industry saw a rise of 50.00% in deal activity during September 2021, when compared with the last 12-month average, led by PayPal Holdings’ $2.73bn acquisition of Paidy, according to GlobalData’s deals database.

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A total of 24 payments industry deals worth $3.6bn were announced for the region in September 2021, against the 12-month average of 16 deals.

Of all the deal types, venture financing saw most activity in September 2021 with 20 transactions, representing an 83.3% share for the region.

In second place was private equity with three deals, followed by M&A deals with one transactions, respectively capturing a 12.5% and 4.2% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Asia-Pacific’s payments industry with $2.73bn, while venture financing and private equity deals totalled $855.72m and $16.54m, respectively.

Asia-Pacific payments industry deals in September 2021: Top deals

The top five payments deals accounted for 93.5% of the overall value during September 2021.

The combined value of the top five payments deals stood at $3.37bn, against the overall value of $3.6bn recorded for the month.

The top five payments industry deals of September 2021 tracked by GlobalData were:

1) PayPal Holdings $2.73bn acquisition deal with Paidy

2) The $200m venture financing of Airwallex by 1835i Ventures,DST Global,G Squared,Lone Pine Capital,Salesforce Ventures,Sequoia Capital China and Vetamer Capital Management

3) Accel,Amasia Ventures,Goat Capital and Tiger Global Management $150m venture financing deal with Xendit

4) The $150m venture financing of Ascend Money by ANT Group,Bow Wave Capital Management and Charoen Pokphand Group

5) D1 Capital Partners and Lavender Hill Capital Partners $138m venture financing deal with Xtransfer

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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